About us

About us

Company Profile

        With the changing of the times over the past century, the Shougang Group has achieved its present status by virtue of its continuous inheritance and strenuous efforts. Founded in 1919, Shougang is the epitome of China’s steel industry and a banner of reform and opening up. It has participated in and witnessed the historic leaps of China’s steel industry from nothing to small, small to large, and large to strong, as well as the great leaps of the Chinese people from rising up to becoming prosperous, to becoming mighty. At present, it has developed into a comprehensive enterprise group engaging in cross-industry, cross-regional, cross-ownership and transnational operation, with more than 600 wholly-owned, holding and shareholding enterprises, total assets of over RMB 500 billion and nearly 90,000 employees.

        In 2021, it was honored as a “Brand with International Influence among China’s Outstanding Iron and Steel Enterprises”, earned an A+ rating (extremely strong) in the “Evaluation of Development Quality and Comprehensive Competitiveness of Iron and Steel Enterprises” for two consecutive years, won the title of “Most Innovative Enterprise for Patents” and applied for over 10,000 patents; it entered the ranks of the “Most Admired Chinese Companies” and was shortlisted as one of the “Top 100 Transnational Companies In China in 2021”; and since 2011, it has been listed in the Fortune Global 500 ten times.

        Facing the complicated and severe external economic environment and COVID-19 epidemic in 2021, many cadres and workers of the Group were united, firm in their confidence and willing to devote themselves to the cause, adhered to both epidemic prevention and control and production and operation construction, and promoted many indicators such as operating income, profit, operating cash flow and so on to reach their highest levels since the establishment of the factory, fully demonstrating the battling spirit of Shougang people who dare to fight hard and secure victory. All this made for a very good start to the 14th Five-year Plan.

        Since the founding of New China, the Party and State have attached great importance to the development of Shougang, and dozens of Party and State leaders have visited the Group for advisory supervision. In February 2014, in his important speech during his inspection of Beijing, General Secretary Xi Jinping pointed out, “The relocation of Shougang to Caofeidian is a pragmatic move. You must continue unswervingly.” In February 2019, when General Secretary Xi Jinping visited Shougang Park to deliver his greetings and conduct an inspection, he gave important instructions which injected powerful impetus into the high-quality development of Shougang. On January 4th, 2022, General Secretary Xi Jinping came to the Dispatching Center of the Beijing Olympic Winter Games Operation Command in Shougang Park, visited and greeted the operation managers, and gave important instructions regarding the preparations for the Games. On March 15th, 2022, “The Story of the General Secretary’s Two Sessions in the Past Ten Years” was published in People’s Daily, in which General Secretary Xi Jinping was quoted as saying that Shougang Big Air is a green transformation from the steel industry to the sports industry.

        Shougang people inherit and carry forward the spirit of “daring to try, daring to insist and daring to work hard”, as well as that of “daring to take responsibility, daring to innovate and daring to be first in the world”. It was the company that built the modern blast furnace in China by adopting new technologies such as the bell-less top device and top burning hot blast stove; the company in China to build a modern steelmaking plant by introducing foreign second-hand equipment; the first company to be granted the right of investment and project approval and the right of financing and foreign trade autonomy by the State; and the first industrial enterprise to establish a bank and go abroad to buy overseas minerals. Shougang has achieved countless incredible revolutionary and evolutionary feats.

        Shougang implemented the unprecedented large-scale relocation of steel plants, becoming the first iron and steel enterprise in China to move from the central city to the coastal areas. It also jointly restructured Shuicheng Iron and Steel, Guiyang Special Steel, Changzhi Iron and Steel, Tonghua Iron and Steel and Yili Iron and Steel across regions, expanding its industrial layout to coastal and resource-rich areas, and forming a 30 million-ton steel production capacity, and realizing the transformation of its product structure to high-end plates. Shougang Jingtang built a new-generation recyclable iron and steel process demonstration flow which is known as the “dream factory” of iron and steel people. Shougang’s relocation made great contributions to the success of the 2008 Olympic Games. The Beijing Municipal Party Committee and Government awarded the Group the title of “Meritorious Shougang”. It has also has become the pioneer of the coordinated development of the Beijing- Tianjin-Hebei region.

        It is time to forge ahead in the new area. Shougang has thoroughly implemented its new development concepts, established its new strategic positioning and “realized the equal emphasis and coordinated development of the two leading industries of steel and urban integrated services by building a brand-new capital operation platform”. It was included among the “Double-Hundred Enterprises” for the reform of state-owned enterprises by the State Council.

        Aiming to become first-class in the world and improve the comprehensive competitiveness of “manufacturing + services” in the iron and steel industry, Shougang has become a national innovative pilot enterprise and technological innovation demonstration enterprise. Six enterprises including Beijing Shougang Co., Ltd. and the Shougang Cold Rolling Company have been recognized as national high-tech enterprises. Shougang has formed ten high-end product series including auto plates, electric steel and tin plates. Twenty of its new products were the first to be launched in China, and two were the first to be launched in the world. Shougang’s silicon steel products rank in the first echelon in the world, and its domestic market share for auto sheets ranks second. Its tin plates have gained full coverage of high-end users in China, and its iron and steel products are spreading over all fields with “extraordinary strength, oceanic depth, modern speed, blazing services and strong safety”. Major projects such as the “Blue Whale I”, high-speed and bullet trains, tall bridges and ships, hydropower, nuclear power, rockets and spacecraft are undoubtedly marked with the stamp of “Shougang”. The Group is coordinating the relocation and transformation of the Shouqin Production Line, and the construction of Jingtang Phase II, and accelerating the development of Macheng Iron Mine and other resource base projects. The competitiveness of iron and steel enterprises in other cities has been significantly improved.

        Seizing the historic opportunity of the Winter Olympics and accelerating the rise of old industrial zones in Beijing, Shougang follows the “new general plan” of the city, relies on the “Chang’an golden axis” and integrates its regional advantages, spatial resources and innovative elements to implement the three-year action plan, vigorously promote cultural, ecological, industrial and vitality rejuvenation, and strive to create a new landmark of the rejuvenation of the capital in the new era.

        Shougang Park in Beijing is fast becoming a practice ground for the Olympic Games that promotes urban development and the revival of the old industrial park. The Beijing Organizing Committee for the 2022 Winter Olympic and Paralympic Games has settled in, Big Air Shougang has been completed, the General Administration of Sports of China and Shougang have jointly built a national sports industry demonstration area, and the “Four Ice Cubes” and other training venues for the Winter Olympic Games have been completed and put into operation. Major activities and events such as the Summary Meeting of the Pyeongchang Winter Olympics, Reception of the Embassy in China, Branch Venue of the “China International Fair for Trade in Services,” Opening Ceremony of the China-Finland Year of Winter Sports, Finals of the Curling World Cup and First Beijing Winter Games continue to ignite passion for “ice and fire”.

        In 2021, several venues of the China International Fair for Trade in Services settled in Shougang Park. Shougang completed the construction of 15 exhibition halls in eight exhibition areas in just over 100 days. As the leading unit of the construction and operation support group, it offered high-quality service guarantees including venue operation, shuttle and transfer, vehicle parking, epidemic prevention and control, etc., and satisfactorily completed the Shougang service guarantee task for the China International Fair for Trade in Services in 2021.

        In 2018, Shougang became the official top partner of the Beijing Winter Olympics and was awarded the “Olympism in Action” Trophy by the International Olympic Committee. President Bach praised the factory reconstruction in Beijing Shougang Park as a miracle and an “amazing” example of urban planning and renewal.  Chinese C40 Climate Positive Program, Innovation Center for Overseas Chinese Businessmen, New Shougang International Talent Community, Beijing Workstation for Overseas Academicians and Experts, Global New Product Launch Center, First Domestic 5G Smart Demonstration Project, etc. were put into practice. Chang’an Street Xiyankua Yongding River Bridge was named “New Shougang Bridge” and officially opened on September 29th, 2019, opening the west gate of Beijing.

        With the responsibility of a “Dual Olympics Enterprise”, Shougang contributed its strength to the 2022 Beijing Winter Olympics and Paralympics, and showed the whole world the brand-new image of Shougang’s transformation and development. In March 2022, the CPC Central Committee and State Council awarded the Shougang Group the title of “Outstanding Contribution Collective of the Beijing Winter Olympics and Paralympics”, and awarded two Shougang employees the title of “Outstanding Contribution Individual of the Beijing Winter Olympics and Paralympics”. The Beijing Municipal Party Committee and Municipal Government also awarded two collectives and four comrades of the Shougang Group the titles of “Advanced Collective” and “Advanced Individual” respectively.

        Shougang plays a leading role in the coordinated development of the Beijing-Tianjin-Hebei region, and has become the platform and carrier for the governments of Beijing and Hebei to implement the national strategies.

        Shougang Caofeidian Park considers undertaking non-capital function removal as its core, and the various of the industrial pioneering zone and eco-city pioneering zone are advancing rapidly. Caofeidian Branch of Jingshan School, Caofeidian Cooperative Hospital of Friendship Hospital and Caofeidian Center of Anzhen Hospital have been completed and put into use. In building a characteristic “green valley” town, the passive architecture of Caofeidian New Town was rated among the “Top Ten Green Technology Demonstration Projects” by the Ministry of Housing and Urban-Rural Development (MOHURD). The construction of Shuicao Railway, an important channel for Beijing-Tianjin-Hebei transportation integration, was also accelerated.

        According to the positioning of a “China Automobile Sports Culture Demonstration Base”, Shouqin Park implemented “Qinhuangdao Shougang Racing Valley” and other projects to build a high-end development platform.

        Shougang accelerates its industrial focus, plays the role of an equity investment company, integrates a number of outstanding enterprises such as the Shougang Environment Company, Shougang International Engineering Company, Shougang Automation Information Technology, Shougang Construction Group, Shougang Real Estate Development, Shougang Machine-Building and Electronics Industry, Shougang City Transportation and Shougang Industry, and strives to become an urban integrated service provider that guarantees urban development and the urgent needs of the government and people. The Shougang Group has presented dazzling projects in succession, including Beijing Shougang Bio-Energy Science & Technology Co. Ltd.  domestic static traffic R&D demonstration base,  Beijing New Airport Parking Building (the domestic airport PPP demonstration project), the first phase of MOHURD’s model “national prefabricated building industry base”, the comprehensive management service platform of the administrative office area of the Beijing Municipal Administrative Center, Mitie and Rizhao Seawater Desalination Project, etc., thereby fulfilling its leading role as a business model. In the sports culture industry, Shougang has high-level teams in basketball, table tennis, national hockey, baseball and softball, as well as high-quality resources such as the Shougang Basketball Center, Shougang Sports Building, etc.

        Shougang is also powerful in the field of financial services. Founded independently in 1992, Hua Xia Bank has grown into a national joint-stock commercial bank, and Shougang has always maintained its position as the largest shareholder. The Shougang Fund Company has a management scale of more than RMB 50 billion, and has been shortlisted in the “Top Ten” private equity investment institutions with the highest growth potential in China; the Group’s entrepreneurial communities have become state-level incubators and maker spaces; and Shougang’s scale of deposits and loans, promotion of financial tickets and qualifications of financial companies have continuously improved.

        Shougang actively carries out international operations and constantly assists and promotes the “Belt and Road Initiative”. It has acquired six listed companies in Hong Kong and established many overseas enterprises in Europe and America. At its Peru Iron Mine, with permanent mining rights of 670 km2, the construction of a new area has been completed, forging a “bridgehead” for Chinese enterprises to enter South America. At present, Shougang’s overseas assets reach RMB 100 billion, making it a large enterprise group with international influence and transnational operation.

        Today, Shougang is attracting worldwide attention. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Shougang people are implementing the requirements of the Beijing Municipal Party Committee and Government, further becoming the pioneers of state-owned enterprise reform and pacesetters of high-quality development, building a world-class large-scale comprehensive enterprise group, continuing to write a century-old legend and creating new glories for Shougang again and again!


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